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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Universal life and investment-type product policy fee income $ 901 $ 886
Premiums 126 140
Net investment income (loss):    
Investment income (loss) from derivative instruments 748 337
Other investment income (loss) 696 531
Total net investment income (loss) 1,444 868
Investment gains (losses), net:    
Total other-than-temporary impairment losses (17) (2)
Portion of loss recognized in other comprehensive income (loss) 0 0
Net impairment losses recognized (17) (2)
Other investment gains (losses), net 30 (1)
Total investment gains (losses), net 13 (3)
Commissions, fees and other income 913 986
Increase (decrease) in the fair value of the reinsurance contract asset 1,637 690
Total revenues 5,034 3,567
BENEFITS AND OTHER DEDUCTIONS    
Policyholders’ benefits 1,150 923
Interest credited to policyholders’ account balances 277 320
Compensation and benefits 426 447
Commissions 268 274
Distribution related payments 87 101
Amortization of deferred sales commissions 11 12
Interest expense 4 5
Amortization of deferred policy acquisition costs 131 140
Capitalization of deferred policy acquisition costs (141) (144)
Rent expense 39 39
Amortization of other intangible assets 7 7
Other operating costs and expenses 321 313
Total benefits and other deductions 2,580 2,437
Earnings (loss) from continuing operations, before income taxes 2,454 1,130
Income tax (expense) benefit (734) (276)
Net earnings (loss) 1,720 854
Less: net (earnings) loss attributable to the noncontrolling interest (117) (95)
Net Earnings (Loss) Attributable to AXA Equitable $ 1,603 $ 759